550 Norman DrCaryIL60013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Cary at 550 Norman Dr, Cary, IL, 60013 uses $124,279 cash to close to unlock $12,847/yr annual cash flow and $1,071/mo monthly cash flow. Total monthly income runs $3,671/mo, and a $1,835/mo payment keeps the spread at $1,071/mo. Purchase price stands at $374,900, and rental yield measures 11.75% with $3,671/mo rent. Return on cash invested shows 30.25% in year one, and 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 159.26% and total cumulative return in cash records $197,923. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,671/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1983
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60013, Cary, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,872 (100%) |
| Owner Occupied HU | 8,527 (86.4%) |
| Renter Occupied HU | 988 (10.0%) |
| Vacant Housing Units | 357 ( 3.6%) |
| Median Home Value | $359,620 |
| Average Home Value | $384,516 |
Housing Distribution
Address Breakdown
Residential
9,776
Single Family
9,575
Multi-Family
201
Businesses
552
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices